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matches the wealth distribution; the age profiles of consumption, homeownership, and mortgage debt; and data on the frequency … maximum borrowing limit, and housing investment, homeownership, and household debt closely track aggregate productivity. In …
Persistent link: https://www.econbiz.de/10003906135
wealth distribution, the age profiles of homeownership and mortgage debt, and the frequency of housing adjustment. In the …
Persistent link: https://www.econbiz.de/10013113410
matches the wealth distribution; the age profiles of consumption, home-ownership, and mortgage debt; and data on the frequency … borrowing limit, and housing investment, home-ownership, and household debt closely track aggregate productivity. In the late …
Persistent link: https://www.econbiz.de/10013038658
We show that the hedging benefit of owning a home reduces the variability of housing consumption after a move. When a current home owner's house price covaries positively with housing costs in a future city, changes in the future cost of housing are offset by commensurate changes in wealth...
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We investigate the socio-economic determinants of mortgage delinquency in 12 EU countries and observe that income volatility significantly increases the mortgage delinquency risk. This pattern even holds for borrowers with higher-income profiles if volatility in income is high enough. From this...
Persistent link: https://www.econbiz.de/10002485593